Newmark's Door

This is true:

The standard textbook model of monopoly economics only applies to the real world in a narrow range of circumstances.

As is this:

If Žižek were correct that Gates, Bezos, and other tech billionaires built their fortunes by restricting access to pre-existing resources, rather than by generating new wealth through technological progress, then it might be worth taking radical steps to reclaim the conquered assets. But in fact, the opposite is true.

I doubt that is is quite as simple as this piece claims, but it clearly is part of the story.

Excuse me, Chicago, but is that really the market wage?

Arnold Kling:

At some point, the U.S. will go into a doom loop: to pay for interest on the debt, the government will have to issue more debt; this will fuel inflation, and interest rates are likely to rise; this will force interest payments even higher.

This year, with interest rates elevated to previous years, we may have already entered the doom loop.

There have been a bunch of bad actions by the current administration, but if they do this, it would rank among the worst.

There's a whole bunch of videos like this on YouTube of kids and adults hearing for the first time.  Almost all of them are overwhelmed just like this lady.

High school(?) kid matches the Beast Mode run of Marshawn Lynch. (Here's the original for comparison.)

No surprise: taxing the rich won't come close to solving our fiscal problem.

Reviews top ten managers in European soccer and their transfer fees spent per trophy won.

Interesting: it seems as though only four states have all their counties rooting for just one team. (You can click on the map to enlarge it.)